Bitcoin (BTC) continues to carry its recent upward momentum above $44k, while the altcoin market accompanies the leading crypto with double-digit gains. In this article, let’s take a look at the March price predictions for BTC, ETH, Ripple, ADA and BNB from 3 expert crypto analysts. As Kriptokoin.com, we are providing the details…
Nicholas Merten takes a look at the latest status of Ripple and BNB
Starting with Binance’s native cryptocurrency BNB, Nicholas Merten has announced that BNB has a stake in the crypto market. He pointed out that it is a giant and has a rapidly expanding user base, which may soon be reflected in its price. According to the analyst, the critical resistance of BNB is $496. BNB is currently trading around $400.
Ripple (XRP) analyzes
As for Ripple (XRP), Merten points out how global events could work in the altcoin’s favor:
XRP, while controversial, I want to highlight here with the current geopolitical issues currently going on, XRP’s technology can have a place in the market with all the censorship. It revolves around the SWIFT payment network regarding the currently solving Russia/Ukraine crisis…
Analyst says a critical level has been breached in ADA
The last altcoin on Merten’s radar is Ethereum rival Cardano (ADA) . The analyst said that he is looking forward to the next levels if the ADA price closes above $0.78. Merten’s expectations for March:
I’m curious what will happen when the price drops and retests $0.78… If this level is broken, it could be a really worrying side for Cardano.
Bitcoin (BTC)
Second analyst Justin Bennett thinks that Bitcoin has emerged from a descending channel and is probably ready to recover. In his recent Twitter analysis, he said that BTC posted a bullish confirmation pattern at the end of the month, taking the previous few days’ highs. Technical picture:
Bennett also says that when Bitcoin reversed from $34,000, it witnessed the highest volume level in seven months, a strong change in trend:
The most recent BTC low of $34,000, BTC/USDT green day with the highest volume since late July 2021 on Binance.
Bennett adds that a daily close above $39,600 is key for BTC to ignite the next trend:
BTC has yet to close above $39,600. That’s the key to getting higher.
Finally, the analyst predicts that March will be a bullish month for the best crypto by market cap:
We have two lows here ($34,700). This is a potential double bottom for the market. Confirmation of this is not just above $39,600, this is step one. The second step is a close above $46,000.
Ethereum commentary from the inventor of Bolinger Bands
Veteran trader and technical analyst John Bollinger claimed in a recent tweet that Bitcoin and Ethereum continue to evolve “nicely” in their weekly chats.
Bloomberg analysts, on the other hand, have recently noted that Bitcoin’s correlation with the S&P 500 It reports that it dropped from 0.7 to 0.55, showing diversification benefits.
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